Andresavaig
11-11-2016,
Things have been shaky for a while now, highest volitility ever seen, biggest drops I've ever seen, and just general "panic" in the market. Personally, I haven't traded the DOW Futures in a while now. I cashed out of stocks around 12,000.
What explains today? Consumer confidence at an all time low and stock market rallies? Here are some problems that I see:
1. Investors are worried about capital gains tax increase (i.e. Obama effect)
2. The dollar has gained strength for the short term but ultimately the dollar will be as worthless as a napkin they put in the bad for you at McDonald's.
3. Q4 earning come out sometime at the end of January 2009. New President plus bad earnings equals huge drop in my opinion.
4. Liquidity is still horrible in the FX market, I get 14pip spread on the GBP/USD at times!!!!
5. People are scared to hold overnight positions, people are selling into rallies in the stock market.
Keeping all this in mind plus your own market knowledge do you guys think we will ultimately be in the worst depression since 1929? What do you think about the dollar collapsing soon? Do you think the governments socialistic price fixing tactics will just prolong this recession/depression??
What explains today? Consumer confidence at an all time low and stock market rallies? Here are some problems that I see:
1. Investors are worried about capital gains tax increase (i.e. Obama effect)
2. The dollar has gained strength for the short term but ultimately the dollar will be as worthless as a napkin they put in the bad for you at McDonald's.
3. Q4 earning come out sometime at the end of January 2009. New President plus bad earnings equals huge drop in my opinion.
4. Liquidity is still horrible in the FX market, I get 14pip spread on the GBP/USD at times!!!!
5. People are scared to hold overnight positions, people are selling into rallies in the stock market.
Keeping all this in mind plus your own market knowledge do you guys think we will ultimately be in the worst depression since 1929? What do you think about the dollar collapsing soon? Do you think the governments socialistic price fixing tactics will just prolong this recession/depression??